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Charlotte “unlikely” to contribute taxpayer money for new Panthers headquarters

TheSpecialJuan
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TheSpecialJuan Grand Master

TheSpecialJuan

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“Right now, we have other priorities we’re working with,” Graham said. “Dollars are limited. The biggest thing is we have other priorities.”

The local push and pull over taxpayer money has obvious relevance to the team’s desire to build a new stadium. Owner David Tepper will expect public money. What happens if he can’t get as much as he wants, or any at all?

Other cities have learned that lesson the hard way. Charlotte potentially could be next

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Ornias Grand Master

Ornias

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I don't think sports holds that big a sway anymore. What municipality even wants a team now? New stadiums are like 2B minimum now and you know Tepper is going to want one to compete with Jerry, so 4-5B min. No way that should be taxpayer funded. 

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Move the Panthers to Raleigh Grand Master

Move the Panthers to Raleigh

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1 hour ago, Ornias said:

I don't think sports holds that big a sway anymore. What municipality even wants a team now? New stadiums are like 2B minimum now and you know Tepper is going to want one to compete with Jerry, so 4-5B min. No way that should be taxpayer funded. 

Yeah, I love football and all, but it shouldn’t be tax-funded in any way. I hope Charlotte gives Tepper the finger. Maybe other cities will stand up to these assholes too

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Davidson Deac II Grand Master

Davidson Deac II

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12 minutes ago, Move the Panthers to Raleigh said:

Yeah, I love football and all, but it shouldn’t be tax-funded in any way. I hope Charlotte gives Tepper the finger. Maybe other cities will stand up to these assholes too

I think the teams should get incentives just as other industries that bring jobs to the region do, but the incentives should be tied to the expected economic impact.  BMW builds a plant in Charlotte, that plant brings a lot of jobs and money into the city.  The city should offer incentives.  NFL teams should get something as well, albeit smaller incentive packages, since they bring a smaller economic impact.  

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1of10Charnatives Mentor

1of10Charnatives

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Sports stadiums should never have been publicly funded to begin with. All major sports leagues are private businesses and extremely profitable ones at that. Why scarce public dollars should ever be spent to subsidize facilities for these teams is just the most obvious proof of our distorted priorities in a sports obsessed culture. 

Before anyone puts forward the tired economic impact arguments that have been trotted out ad naseum in the past, they should know these arguments have been largely debunked by economists as not being backed by any hard verifiable data.  If you can't back it up with hard math, it's an opinion.

Ask yourself this: How much money do you want taken out of the state budget for roads, your kids schools and public parks in your town to build a sports stadium for a team where every recognizable public figure associated with that team makes way more than you do?

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1of10Charnatives Mentor

1of10Charnatives

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2 minutes ago, Davidson Deac II said:

I think the teams should get incentives just as other industries that bring jobs to the region do, but the incentives should be tied to the expected economic impact.  BMW builds a plant in Charlotte, that plant brings a lot of jobs and money into the city.  The city should offer incentives.  NFL teams should get something as well, albeit smaller incentive packages, since they bring a smaller economic impact.  

Tax incentives for "economic impact" is socialism under another name. It is the government favoring one business over another. Sports teams are just the most visible portion of a corporate world that has learned to use the prisoner's dilemma as an effective tool to extort funds from the public purse.

Prisoner's Dilemma Definition (investopedia.com)

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